London, UK20 ℃

FIBA launches block PI scheme

The Financial Intermediary & Broker Association (FIBA) has launched its own block professional indemnity (PI) scheme for members, in partnership with the PI Desk.

The scheme comes with premiums from an A-rated insurer and an application process that can provide same-day indicative quotes — subject to underwriting — with no administration fees or monthly premium instalments.

“Being part of the SimplyBiz Group, we had a number of choices,” said Adam Tyler, chairman at FIBA (pictured above).

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“However, as our requirements are distinctive and the market very competitive, the FIBA block PI scheme — in association with the PI Desk — offers the most competitive pricing, while ticking all the boxes for the key elements that would be expected to be part of a top-class PI package.

“The PI Desk has undergone our most stringent due diligence and its service has been thoroughly tested along with a separate pricing schedule investigation.”

Roger Crowther, managing director at the PI Desk, added: “It’s great to be supporting FIBA in launching a PI insurance scheme for its members and I know we can provide a fast, efficient and reliable proposition that will meet the expectations of all who work with us.”

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